A Swedish Member of Parliament has officially requested a review on the establishment of a national strategic Bitcoin reserve. This proposal aims to assess the potential benefits and risks of adding Bitcoin to the country’s financial strategy. The move reflects growing interest in digital assets and their role in strengthening national economies. If approved, the review could mark a significant shift in Sweden’s approach to cryptocurrency and its potential as a reserve asset.
Big news coming out of the SEC vs. Ripple case—it’s officially over! Last week, the SEC dropped its appeal, and now a final resolution has been reached. Ripple will pay a $50 million fine and it has also agreed to drop its cross-appeal, and the judge’s earlier injunction will be lifted.
Ripple’s Chief Legal Officer, Stuart Alderoty, shared the following update: Last week, the SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple.”
“The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes,” he added.
While this marks a legal victory for Ripple, the XRP price has failed to react to the news. Despite the settlement and legal win, XRP remains stuck below the $2.50 mark.
XRP Price Analysis: Rally When?
Looking at XRP’s price action, the chart still shows signs of a larger bearish divergence. On the 3-day time frame, this divergence remains active, hinting at a lack of strong momentum either way.
The price is mostly bouncing sideways, trading between key support and resistance levels. According to analyst Josh of Crypto World, in the short term, XRP is bouncing between support levels ranging from $2.24 to $2.30 and $1.95 to $2.05, with recent support found at $2.36. As for resistance, the price faces short-term resistance at $2.56, with higher resistance levels between $2.65 to $2.80, and around $3.
Crypto analyst Steph is Crypto also shared a chart showing a very bullish future for XRP– a breakout from a multi-year bull flag pattern.
I don’t even want to give you this #XRP price target
At the moment, XRP’s price is lacking momentum in either direction. It’s neither overly bullish nor bearish and remains relatively neutral in the short term.
The post Ripple Settles, XRP Slumps: Price Fails To Capture $2.50 Despite Legal Win appeared first on Coinpedia Fintech News
Big news coming out of the SEC vs. Ripple case—it’s officially over! Last week, the SEC dropped its appeal, and now a final resolution has been reached. Ripple will pay a $50 million fine and it has also agreed to drop its cross-appeal, and the judge’s earlier injunction will be lifted. Ripple’s Chief Legal Officer, …
Bitcoin open interest has seen a substantial increase following the Federal Reserve’s May 7 FOMC meeting when BTC briefly touched $96,000. According to the data, aggregated open interest jumped as Bitcoin’s price climbed toward the $100,000 level.
Bitcoin open interest adds $2B
Bitcoin open interest has jumped by $2 billion in a single day following BTC’s movement around the $96,000 level during the May 7 FOMC meeting. According to the chart data, aggregated open interest rose from approximately $17.5 billion to $19.15 billion. This is an 11.63% increase in just 24 hours.
The timing of this open interest surge coincides directly with Bitcoin’s price action on May 7-8. This was when the cryptocurrency began a strong upward move from the $95,000 range toward $100,000. The chart clearly shows that open interest began climbing on May 7, with the steepest increase occurring over a 16-hour period.
This $2 billion influx of new positions is nothing but fresh capital entering the Bitcoin futures market. This may mean that the traders are more confident these days following a decision by the Federal Reserve to keep interest rates constant. The volume indicator of the price chart shows that higher trading occurred in this time period. This further confirms that more individuals are getting into the market.
Bitcoin open interest is the aggregate value of open futures contracts. Abrupt spikes usually indicate shifts in market sentiment and potential price movements. The current value of $19.15 billion in BTC open interest indicates that traders are placing massive bets on price action in the near future.
Bitcoin wallets return to a state of profit
The recent Bitcoin price rally has improved the profitability profile of market participants according to Glassnode data. When BTC dipped to the local low of $74,000, more than 5 million Bitcoin were held in underwater positions. However, the subsequent recovery has reduced this number to approximately 1.9 million BTC. This shows that over 3 million Bitcoin have returned to a profitable state.
As the market approached the current local low of $74k, more than 5M BTC were held in an underwater position. However, as the market recovery has taken place, this number has fallen to around 1.9M BTC, indicating that over 3M BTC have returned to a state of profit. pic.twitter.com/J7cmxlRyMH
This transition from loss to profit for many holders generally strengthens market sentiment, as investors experience financial relief. This comes amidst the surge in Bitcoin open interest. The data shows that a considerable number of short-term holder coins have returned to profitability as Bitcoin pushed above $95,000. This change is likely to drive profit-taking events as the market continues to show strength, as per Glassnode.
With Bitcoin’s price reaching as high as $99,800, the market has attracted fresh capital inflows. The realized cap, which measures the value of all Bitcoin at the price at which they last moved, has climbed to an all-time high of $889 billion. This metric confirms that new money is entering the Bitcoin ecosystem and supports the current price levels.
Open Builders, the team behind Notcoin, Lost Dogs, and Not Pixel, has announced the launch of Not Games in March. The project aims to revitalize the Notcoin (NOT) ecosystem by introducing games where players can earn tokens for free.
Open Builders revealed this plan at a time when interest in Telegram-based mini-games has dropped significantly, and TON’s user base has fallen to its lowest level in a year.
Notcoin (NOT) Seeks to Renew User Interest Through Not Games
In a press release shared with BeInCrypto, Open Builders clarified that Not Games is not a standalone game on Telegram. Instead, it is an interconnected gaming ecosystem that links multiple titles.
Within this ecosystem, Open Builders will introduce Game Profiles, shared inventories, and an in-game marketplace where players can trade with each other. This system gives the NOT token a broader use case, and it’s expected to transform the token from a simple tap-to-earn reward into a valuable asset within the gaming economy.
“Instead of fragmented tokenomics, Not Games will integrate NOT as the primary currency for purchases, upgrades, and rewards across all games. Every three weeks, the most skilled players will compete for rewards in NOT, ensuring a play-to-win experience, rather than a pay-to-win model.” – the Notcoin team told BeInCrypto.
Currently, Open Builders has already launched a game called VOID and confirmed that at least five more games are in development.
However, Google Trends data indicates that interest in Notcoin has sharply declined and has nearly faded by 2025.
Notcoin Performance on Google Trends. Source: Google Trend.
Additionally, Tgstat data reveals that the Notcoin Community’s Telegram membership has dropped by nearly 2 million since the beginning of the year.
Even after NOT’s listing on Kraken in mid-February, its price only surged briefly on the listing day before continuing its downward trend, hitting new lows in 2025. This suggests that investor interest in NOT has faded.
Moreover, Artemis data shows that daily active addresses on The Open Network (TON) have dropped from 2.4 million in October 2024 to just 130,000 at the time of writing.
The declining TON user base poses a major challenge for Notcoin (NOT) and its efforts to build a sustainable ecosystem.
